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GFG Announces the Grant of Stock Options

Press release content from Globe Newswire. The AP news staff was not involved in its creation. GFG Announces the Grant of Stock Options GFG Resources Inc.February 16, 2021 GMT SASKATOON, Saskatchewan, Feb. 16, 2021 (GLOBE NEWSWIRE) GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) pursuant to the Company’s annual executive compensation program, the Company announced that it has granted stock options to officers, employees and senior consultants to purchase up to an aggregate of 1,245,000 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of five years at a price of $0.165 per common share.

GFG Announces Initial Drill Results from Recently Completed Phase 2 Drill Program at the Pen Gold Project West of Timmins, ON - Press Release

| Press Release GFG Announces Initial Drill Results from Recently Completed Phase 2 Drill Program at the Pen Gold Project West of Timmins, ON SASKATOON, Saskatchewan, Dec. 17, 2020 (GLOBE NEWSWIRE) GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports initial results from nine holes from its recently completed 8,900 metre (“m”), Phase 2 2020 drill program at its 100% owned Pen Gold Project (the “Project”). During the Phase 2 drill program, the Company completed a total of 30 holes testing multiple targets at the Sewell, HGM, Crawford, Nib, Boundary, Broadway and Broadsword regional targets (see Figure 1). The remaining 21 holes are being processed and the Company will release the results as they become available.

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